Australia's largest stock trading and investment forum Australia's #1 stock forum

MMJ

Click for more information

4.76%

11.0¢ mmj group holdings limited

Great post amb, we’ve definitely turned the corner with the...

First 31 Last

Share
Profile

Follow
Alicat

394 Posts.

25

16/10/18

18:08

Post #: 36144927
Share

Originally posted by amb005 ↑

Yep exactly, and dont forget what is good for HVT is good for MMJ, we do have a substantial parcel of these shares, even before the deal of new shares our HVT holding represents 64% of MMJs market cap, so share increase whilst not getting as many shares for the sale, will increase our market cap, again in a position of good both ways, if price stays down we get cheap shares, if it goes up market cap improves substantially. I do however think once it was approved on our end, thats where the price should be calculated from 10 the day avaerage VWAP, but seems like we are waiting on the regulatory red tape over in Canada for the deal to be approved.

Im looking forward to HVT price being a lot higher, possible $1.50 or so within the next 6 months, and then Jason selling out a bit more of our holdings, maybe 20 mill shares, that way we have some more 5 million dollar bullets to fire at new investments, like the medipharm. This will keep us diversified, with anns flowing, and positive sentiment, also not being so heavily tied to the performance of one company.

Expand

Great post amb, we’ve definitely turned the corner with the combination of a new chief at the helm and Legislation tomorrow. This is only the beginning of THE MOIC. Good times ahead.

MMJ Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

MEI

Sperm tech player Memphasys ships unit to Dubai – but can the stock attract liquidity?

AXN

Rising demand, China's 'tech war' bans leaves this germanium explorer with significant investment potential

There are more pages in this discussion • 10 more messages in this thread...

First 31 Last

Add MMJ (ASX) to my watchlist